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...“With the organisational simplification behind us and a good quarter under our belt, we have started this critical year on the right foot,” said Citi’s chief executive Jane Fraser....
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...US security officials say Beijing could access the personal data of the 170mn Americans who use TikTok because of Chinese laws requiring domestic companies to hand over information to the government....
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...The main imports included integrated circuits, telephone sets, and textiles, the paper said....
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...Belt and Road abroad Belt and Road Forum shows China recalibrating after 10 years...
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...Job moves Private equity firm Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an operating adviser....
...Second, break-ups between the local operating companies and AT&T long-distance, and the divestiture of Western Electric, which made telephones. Third, mandatory interoperability....
...demand for rice imports to the city....
...They have all benefited significantly from China’s Belt and Road infrastructure initiative and robust trade relations....
...Clayton, Dubilier & Rice is closing in on $23bn for its new flagship buyout fund, becoming the latest big-name investor to defy an industry-wide fundraising slump....
...Riyaz Ahmed’s mill on the outskirts of Mysuru, part of a fertile agricultural belt in southern India, is stacked with gunny bags full of an unexpectedly precious commodity: rice....
...[But then] not only did you have regulatory and public outcry, you also started to have car companies [taking action]: Volvo comes along and invents the three-point safety belt, then starts to build a brand...
...“We may be in for a recessionary period, consumers are tightening their belts,” said Lynch of Oghma Partners. “But the longer-term trend for premiumisation will bounce back.”...
...Our favourite pieces This week’s piece about the looming global rice crisis was FT journalism at its best....
...But sales scams also took place on social media, through email, and over landline telephones....
...The latest round of closures in the US comes after the company said it would close another 200 sites in 2019....
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